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Stronghold Platform APIs: a Digital Wallet in Every PocketAs a company headquartered in San Francisco with offices in New Zealand, it's been an extremely busy summer (and winter) for Stronghold. In July, we announced a funding round from our partners at Freestyle Capital, followed by the news that Stronghold would become the first venture-backed USD anchor on the Stellar network.
Stronghold Launches First Venture-Backed USD Token on Stellar NetworkSAN FRANCISCO--()--Stronghold, a financial institution building an asset-agnostic global payment and trade ecosystem, today announced the first and only venture-backed USD Anchor on the Stellar Network, an open-source protocol for value exchange. The 'Stronghold USD' token is asset-backed (at one-to-one U.S. dollars per coin) with reserves held by a state-chartered trust company.
IBM Is Helping Launch a Price-Stable Crypto With FDIC-Insured Funds - CoinDeskThe latest attempt to create a cryptocurrency pegged to the U.S. dollar, or "stablecoin," combines 21st-century technology with an invention from the Great Depression. Announced Tuesday, a startup called Stronghold is launching USD Anchor, which will run on the rails of the Stellar blockchain and use its consensus mechanism to verify transactions.